What is series 24?

series 24 is a license for the Tax Industry Regulatory Office (FINRA) also concerns the license license industry with the same name, which is managed by FINRA. License of series 24 qualifies securities to supervise or manage a branch or office for brokerage of securities. The qualification examination is divided into five sections: supervision of investment banking, subscription and research; Supervision of trading and market activities; Supervision of operations of intermediary offices; sale and general supervision of employees; and compliance with the rules of financial responsibility. It consists of 155 questions, of which 150 are evaluated and lasts a maximum of 3-1/2 hours with a 70% minimum score. Also Need be sponsored by a member of FINRA. In general, sponsorship, preparation and earning one or more licenses of Finra are part of the training that new securities employees receive when they are hired in the Finra-member brokers. Those who pass their exams mustAgrame its licenses with the Member Broker Finra, who employs them and oversees their activities.

formerly known as the National Association of Sealers of securities (NASD), Finra is a self -regulating organization for financial securities, the largest of its kind in the country. Created in 2007 after the approval of US Securities and is responsible for regulatory and supervision of approximately 4,700 brokerage companies, 167,000 branches and 637,000 registered securities representatives. Each individual employed by FINRA Membership and involved in your securities shop MREGISTRATRATION TO FINRA; This includes partners, officers, director, branch, department and sellers.

One of the primary objectives of series 24 is to test the knowledge of the candidate about trust in client accounts. Typical everyday managerial activities and responsibility of the general mainstreamThe main director exceeds the knowledge and regulations governing the sales, trading and operations that regulate securities. One of the key skills is the ability to deal with the client's requirements and disagreements in a professional way. Others usually include the ability to manage employees and to align disagreements and differences between brokers and securities management, as well as among the brokers of securities themselves about questions such as clients' coverage, commission and expenses.